Comada Partners With Prime Fund Solutions on Next Generation Fund of Funds Technology

Comada's M.A.T.ware Technology to Power New Custody Solution for PFS Customers

SOMERSET, Bermuda, July 8, 2010 - Transaction technology developer Comada has partnered with leading
alternative investment funds service provider Prime Fund Solutions (PFS) in
the development and delivery of PFS' next generation middle office platform,
PFS Horizon. The strategic partnership, announced this week by Comada
co-founders Rupert Vaughan Williams and Dave Shastri, sees PFS Horizon used
to deliver best-in-class middle office services and reporting technology to
the fund clients of Prime Fund Solutions.

Comada is an established developer of technology solutions for the fund
services market. Its core M.A.T.ware system already serves as the basis for a
number of off-the-shelf products for funds of funds, as well as bespoke
platforms like PFS Horizon. Comada's flagship M.A.T.share software is
already being used within the alternative investments industry to help with
the reduction of operational risk and to enhance liquidity profiling.

PFS Horizon brings funds of funds a full transaction-based custody
portfolio and investment management system. With the objective of providing
fund managers with efficient straight through processing, PFS Horizon uses
direct interfaces to harmonise a range of mission critical operations,
including the handling of portfolio assets, due diligence, trading, pricing
and reconciliation. It offers a single point of control to allow a manager to
oversee the entire investment lifecycle, actual and hypothetical, from start
to finish.

"We are very excited to work together with the team at Prime Fund
Solutions to deliver what we believe is a market leading straight through
processing tool for the funds of funds industry," said Comada co-founder Dave
Shastri. "Our M.A.T.ware technology has been developed to combine PFS
requirements with those of their clients into a single integrated operational
environment."

M.A.T.ware is designed to support the development of fund servicing
solutions that help managers to significantly enhance their operational
processes for much greater transparency of underlying portfolios, more
accurate liquidity management, and dynamic portfolio modelling. Comada's
emphasis on web-enabled delivery means its technology can be configured to
meet a range of operational challenges via a seamless and easy-to-deploy
interface.

Said Rupert Vaughan Williams, co-founder of Comada: "PFS wanted us to
work with them to build a fully integrated portfolio and liquidity management
solution that could tackle a range of important tasks for their clients. We
will continue to work with them going forwards to enhance their offering on
the basis of client feedback and the changing regulatory and operational
environment for funds of funds."

Erik Jens, CEO of Prime Fund Solutions, said: "We believe this new
technology represents a significant step forward in the fund of hedge funds
middle office and reporting arena. The custodian's ability to provide greater
transparency, asset safety, and robust infrastructure are now important
considerations for fund of hedge fund managers. Comada and PFS are playing an
active role with the technology solutions we have been developing to help
custodians deliver both efficiency and continuity. We have already received
extremely positive initial feedback from our institutional fund of funds
clients and we now look forward to rolling out the new technology across our
global client base over the coming months."

About Comada

Comada is a leading alternative investment technology group established
by seasoned funds industry professionals in 2004. It delivers fully
integrated bespoke and off-the-shelf transaction-driven technology
applications for fund services providers and managers. Its M.A.T.ware core
engine has been used to power M.A.T.share, the STP solution for fund services
companies and funds of funds managers. Its solutions are focused on
significantly improving operational risk by delivering greater transparency
and liquidity profiling. Its fund portfolio management products are easily
delivered via web interface to the desk tops of custody and fund
administration operations, linking them directly to their hedge fund clients.

About Prime Fund Solutions

Since 1969 Prime Fund Solutions (PFS) has pioneered the provision of fund
services to the alternative asset management industry. PFS has a global
presence from eight key locations including Ireland, Luxembourg, the Isle of
Man, Amsterdam, the Cayman Islands, New York, Hong Kong and Singapore. In
addition, it has representative offices in Geneva, London and Tokyo. PFS is
amongst the largest and most trusted counterparts in the areas in which it
specialises, including: administration, banking, custody and financing. PFS
currently services clients ranging from boutique asset managers to large
scale global institutions such as pension and sovereign wealth funds.

For further enquiries, please contact Stuart Fieldhouse +44(0)7793-882230, sf at comada.com / pr at comada.com